Umbrella Liability Insurance
What umbrella liability insurance actually does At its core, umbrella insurance and how does it work comes down to a single function. It is extra liability protection that sits on...
Homeowners Insurance
Details the process after damage, including adjuster visits, claim payouts, and policy terms like AOP.
Unscheduled Personal Property Definition
The unscheduled personal property definition refers to personal belongings covered under a standard property insurance policy without being individually itemized or scheduled on the contract. This means everyday items like...
What Does Broad Form Insurance Cover
Broad form insurance cover is not one single product but two distinctly different policies: a named-peril property form for homeowners and a named-operator liability-only policy for auto insurance. The property...
When To Buy Homeowners Insurance
The direct answer is that you must buy homeowners insurance before your mortgage closing date to satisfy your lender’s requirements. The Consumer Financial Protection Bureau advises you to contact several...
How Do I Find Out Who My Homeowners Insurance Is Done
If you need to find out who my homeowners insurance is with, the fastest and most reliable method is to check your mortgage servicer’s online portal or recent statement. Because...
What Happens To My Homeowners Insurance When I Sell My House
Your homeowners insurance when selling your house stays in force until the sale closes and the title transfers to the buyer; only then should you cancel your policy. The buyer...
What Is O&P On Insurance Estimate
What Is O&P On Insurance Estimate O&P on an insurance estimate stands for overhead and profit, a combined 20% markup (10% overhead + 10% profit) added to a repair estimate...
What Does Actual Loss Sustained Mean In Homeowners Insurance?
Actual loss sustained in homeowners insurance means the insurer pays the documented, covered loss you actually incurred, subject to the policy’s limits, exclusions, deductibles, and any time limit in the...
How To Write An Estimate For An Insurance Claim
What an estimate for an insurance claim is An estimate for an insurance claim is a detailed, itemized report of the damage you're claiming and the projected repair or replacement...
How Does Recoverable Depreciation Work On An Insurance Claim?
Recoverable depreciation is the portion of your property's value that your insurer withholds from your initial claim payment until you prove you've actually repaired or replaced the damaged item. You...
What Is An Insurance Appraisal?
An insurance appraisal is a formal dispute-resolution process used when you and your insurer cannot agree on the amount of a covered loss, often after the adjuster’s estimate is disputed....
How Much Will A New Roof Lower My Homeowners Insurance?
A new roof can lower your homeowners insurance, but the discount is not automatic and depends on your insurer, state, and roofing materials. The most significant savings come from installing...
Latest Articles